MSHDA Offers $20,000 Down Payment Assistance for Willys Overland Lofts

The Michigan State Housing Development Authority (MSHDA) is now offering $20,000 in down payment assistance for qualifying home buyers at Willys Overland Lofts in Midtown Detroit. 37 lofts at Willys Overland qualify for the program. Currently, there are 5 $20,000 grants available.

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$7,500 Down Payment Assistance Now Available from MSHDA

The Michigan State Housing Development Authority (MSHDA) has just announced a new down payment assistance program that will allow qualifying home buyers to get up to $7,500 in interest free loans. Funds can be used towards down payment, closing costs, prepaid and property tax escrows. The loan does not have to be repaid until the property is sold, refinanced or the first mortgage has been paid off.

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